16.3 C
New York
Thursday, September 28, 2023

Clear Secure, Inc. (YOU) Stock Surging Despite no Obvious Reason

Clear Secure, Inc. (YOU), a company that focuses on operating as a holding company for Alclear Holdings LLC that provides a member-centric secure identity platform, has surged 5.80% in aftermarket trading session. As a result, YOU stock is trading at $29.53 at the time of the writing. On Wednesday, YOU closed the day at $27.91 after a slight increase of 2.23% during regular trading hours. The last announcement from the company was regarding the placement of expedited security screening at CMH.

Expedited Security Screening at CMH

On the 15th of December, YOU announced that its trusted and secure identity technology and expedited lanes are available at John Glenn Columbus International Airport (CMH). That, in turn, builds on the company’s presence in Midwest and across Ohio’s three largest metropolitan areas. The company expedited security lanes would full coverage at each of the airport’s three concourses. The company is also available in eight out of the ten of CMH’s domestic destination airports. This allows the travelers to enjoy a lovely experience at both ends of their journey.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


YOU Q3 2021 Operational Results

In Mid November, YOU released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 30th September. The total revenue generated by the company during the quarter stood at $67.5 million against $56.3 million for the same period of 2020. The operating loss suffered by the company during the quarter was $32.5 million against the operating income of $10.6 million for the same quarter of 2020. The net loss suffered by the company during the three months was $32.7 million against the net income of $11.1 million for the same period of 2020.

Q4 2021 Financial Guidance

Alongside the operational results, YOU also released the financial guidance for the fourth quarter of fiscal 2021. The company expects the revenue to stand between $77.5 and $78.5 million during the quarter. Certain of the expenses could fluctuate based on the level of bookings; hence, these positive variances in bookings could lead to the near-term negative variances in profitability metrics.

Future Outlook for YOU

During the last three months, YOU stock has declined more than 30%. With the uncertainty running high due to new variants of the COVID pandemic, the stock could face further jolts in the coming months. But the stock is attractive for long-term investors.

Latest news

Related news


Please enter your comment!
Please enter your name here